On the recordOctober 14, 2025
We may approach that point in coming months
Source
apnews.comWe may approach that point in coming months
Referring to the Fed's balance sheet management.
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More from Jerome Powell
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.